Thursday, March 13, 2008
In the know
Marty Chenard states something I've suspected, which is that a bear market is when the experts sell to the amateurs. This article seems to confirm that we are indeed in a bear market; on the other hand, Clif Droke thinks "an interim bottoming process is well under way". I like that "interim" - there's a hedge, if you like.
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1 comment:
Curiously enough, the bull market is also characterised by experts selling to amateurs ...
(when the man with money meets the man with experience, the man with money gets some experience)
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